By Linda Pasquini (Reuters) -Puma on Tuesday said it expects a weak first half of the year in a challenging market for sportswear, but shares in the German sportswear brand climbed as it kept its dividend and stuck to the annual targets it set in January. Sportswear companies including Adidas (OTC:ADDYY), Nike (NYSE:NKE), and Puma,...
FALLS CHURCH, Va. – Lynk Global, Inc., a leader in satellite-direct-to-mobile communications, has signed a contract with Turkcell, Turkiye\'s largest mobile operator, to initiate Sat2Phone services. The partnership aims to enhance network resilience and extend mobile coverage throughout Turkiye, benefiting residents, businesses, and tourists. Turkcell, which has been dual-listed on the New York Stock Exchange...
(Reuters) - European shares moved slightly higher on Tuesday, led by gains in basic resources shares and upbeat earnings, while investors and central bankers await inflation data this week that could alter the course for interest rates. The pan-European STOXX 600 was up 0.1% by 8:21 GMT. Basic resources shares led sectoral gains, with a...
On Tuesday, Morgan Stanley initiated coverage on Fractyl Health Inc (NASDAQ:GUTS) with an Overweight rating, accompanied by an $18.00 price target. The firm\'s analysis indicates a positive outlook for the company\'s innovative treatments in the diabetes and obesity sectors, which are seen as markets with significant unmet needs. The coverage by Morgan Stanley highlights the...
On Tuesday, Jefferies began coverage on shares of Alto Neuroscience (NYSE: ANRO), assigning a Buy rating and setting a price target of $33.00. The firm\'s coverage comes with an optimistic view on the company\'s growth prospects, highlighting its development of proprietary biomarkers linked to a series of oral drugs aimed at treating central nervous system...
On Tuesday, Piper Sandler shifted its stance on Unity Software (NYSE:U), moving from an Underweight to a Neutral rating, while also adjusting the price target for the shares to $30.00 from the previous $35.00. The revision comes after recognizing a significant downturn in the company’s year-to-date performance, with shares falling by 35%, in contrast to...
On Tuesday, Morgan Stanley adjusted its stance on shares of Unilever (LON:ULVR) plc (NYSE:UL), downgrading the stock from Equalweight to Underweight. In conjunction with this change, the firm also reduced the price target for the company\'s shares to $48 from the previous target of $52. According to the investment firm, while Unilever\'s management strategy appears...
LONDON - e.l.f. Beauty (NYSE: NYSE:ELF), a prominent player in the cosmetics industry, has established its first European office in London, marking a strategic move to amplify its international presence. The office is set to serve as a global hub, supporting the company\'s growth ambitions outside the U.S. The company, headquartered in Oakland, California, has...
In their new weekly update, Citi strategists have observed a growing bullish sentiment in global equity markets. Specifically, their analysis reveals that sentiment in all but three of the markets surveyed is above the 85th percentile, indicating a strong consensus towards bullish positions, which have become increasingly one-sided as recent capital inflows further amplify these...
On Tuesday, Edward Jones, a financial services firm, initiated coverage on shares of Goldman Sachs Group Inc. (NYSE:GS) with a Buy rating. The firm has also included Goldman Sachs in its U.S. Stock Focus List and the U.S. Equity Income Buy List, signaling confidence in the investment bank\'s prospects. The analyst at Edward Jones highlighted...